SICC (HKEX: 02631) shares surged more than 5% in the late trading session. As of the latest update, the stock was up 5.01% to HKD 84.9, with a turnover of HKD 439 million.
A recent report from SemiAnalysis suggested that Nvidia's native 800V DC power supplies would see a large-scale shipment delay until after 2028.
Morgan Stanley has clarified that this information contradicts findings from its own supply chain checks, stating that the mass production process for 800V DC power supply cabinets has not been interrupted.
CLSA noted that SICC's current 8-inch silicon carbide substrate production capacity is operating at full utilization.
Driven by robust sales growth fueled by strong data center demand, the brokerage has raised its revenue forecasts for the company's fiscal years 2027 and 2028 by 6% and 4% to RMB 3.359 billion and RMB 3.711 billion, respectively.
Consequently, its net profit forecasts for those periods have been increased by 7% and 6%.
CLSA has also adjusted its valuation multiple for SICC's H-shares, raising the projected price-to-sales ratio from 12 times to 14 times.
The target price for the H-shares has been lifted from HKD 86.6 to HKD 106.6, with the firm maintaining its "Outperform" rating on the stock.
Comments